Question

Mani plans to purchase a DELL laptop with high-end configuration through
www.AliExpress.com. He reviewed all the feedback about the laptop and satisfied to
purchase the Laptop. During the final step of payment, he found that PCI compliance is
not provided by the vendor and he dropped his purchase.
Based on the above situation explain the following questions: a. What is PCI compliance? Why it is important for the customer and vendor?
[1 + 2 = 3 Marks] b. Write any four risks Mani will face if he purchases the laptop with PCI non-compliance.

Answer 1

Answer:

Non-compliance can lead to many different consequences such as monthly penalties, data breaches, legal action, damaged reputation, and even revenue loss. PCI Non-Compliance can result in penalties ranging from $5,000 to $100,000 per month by the Credit Card Companies (Visa, MasterCard, Discover, AMEX)